This beautiful property has 4 separate living spaces, a main home & 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$83,100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate. Leave as long-term leases, or convert to short term rentals with the new City of Austin position on accepting non-owner occupied STRs.
MLS# | 4427523 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1949 |
Days On Site | 142 |
Listing Provided By | Compass RE Texas, LLC | Jeffrey Schnabel |
SQ Feet | 3,086 |
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Acreage | 0.28 |
Property View | None |
State | TX |
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County | Travis |
City | Austin |
Zip Code | 78745 |
Area | 10N |
Community Name | Ford Place |
School District | Crockett |
Elementary School | Joslin |
Middle School | Covington |
High School | Crockett |
Listing VS Median (in Ford Place) | |
Price: $999,990 low | high Med: $999,990 SqFt: 3,086 low | high Med: 3,086 $ / SqFt: $324 low | high Med: $324 On Site: 142 low | high Med: 142.000000 |